Hungary

2ND ROUNDUP: Hungarian premier resigns, says new government needed

Hungarian premier resigns, says new government neededBudapest  - Hungarian Prime Minister Ferenc Gyurcsany announced his resignation on Saturday, saying a new government with a new leader was needed to tackle his country's economic meltdown.

Hungary's main opposition party, Fidesz, promptly repeated its call for early elections, announcing that it plans to present a motion to dissolve parliament on Monday. If that motion is carried, it would complicate Gyurcsany's goal of passing his position on to another member of his party.

ROUNDUP: Hungarian premier resigns over economic crisis

Hungarian premier resigns over economic crisisBudapest  - Hungarian Prime Minister Ferenc Gyurcsany announced his resignation on Saturday, saying a new government with a new leader was needed to tackle his country's economic meltdown.

Hungary has been particularly hard hit by the global recession and Gyurcsany has seen his personal popularity hit a rock bottom of 18 per cent - the lowest for any Hungarian premier since the fall of communism.

At a congress of his Hungarian Socialist Party (MSZP) in Budapest, the deeply unpopular premier spoke of the need for a wider social consensus to tackle the crisis.

Hungarian premier to step down and make way for "wider consensus"

Hungarian premier to step down and make way for "wider consensus" Budapest - Hungarian Prime Minister Ferenc Gyurcsany said on Saturday he will step down from office, calling for a new government with a new leader to tackle Hungary's economic crisis.

At a congress of his Hungarian Socialist Party in Budapest, the deeply unpopular premier spoke of the need for a wider social consensus to tackle the crisis.

"I hope I am the only obstacle to this - and if I am, then I will now remove that obstacle," Gyurcsany said.

Hungarian recession could deepen, unions threaten demonstration

Hungarian recession could deepen, unions threaten demonstration Budapest  - Hungary's economy is set to shrink by 4 to 5 per cent this year, the head of economic think tank Kopint-Tarki said on Friday.

The economic research institute has issued increasingly grim forecasts over recent months as Hungary's economic gloom has deepened.

In December, the estimate was a contraction of 1.3 per cent, said Kopint-Tarki head Eva Palocz.

Levi-Strauss to close Hungarian jeans factory

Levi-Strauss to close Hungarian jeans factoryBudapest - Clothing giant Levi-Strauss confirmed on Friday that it will close its Hungarian plant by the end of June with the loss of 549 jobs.

The factory in the small southern town of Kiskunhalas has been turning out the company's iconic denim jeans since 1988, when Hungary was still a communist state.

The US clothing company told the local news agency MTI that it had agreed a severance package with its Hungarian workers.

Over 30,000 jobs have been lost in Hungary since the effects of the global financial crisis hit the country hard last October.

Hungary tells its citizens not to look for work in Britain

Hungary tells its citizens not to look for work in BritainBudapest  - The Hungarian foreign ministry issued a "Warning to those who want to work in Great Britain" Thursday, urging them to think twice about going there to escape the deepening recession at home. The British embassy in the capital, Budapest, was not amused.

A Foreign Ministry spokesman, Lajos Szelestey, sent a statement to the Hungarian state news agency MTI urging Hungarians to think long and hard before travelling to Britain despite the "serious economic situation."

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